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USD: Bullish
EUR: Bearish
GBP: Neutral - Trade the Range
JPY: Bearish on Range
AUD: Bearish
CAD: Neutral - Trade the Range
CHF: Bearish
NZD: Bearish
Summary
The War of the Currencies continue. As long as the Fed remains undecided, other central banks are prepared to do whatever they can to weaken their currency in the hopes of stimulating their country’s economy. The Fed knows that raising rates won’t do the US any good, but it also knows that not doing it is putting a strain on the global economy in which it is also dependent - so they might as well do it and do it soon.
Meanwhile, there is no shortage of opportunity for Forex traders. The central banks and their currencies may be at war, but the spoils are left to us traders who know where to look.
USD: Bullish
EUR: Bearish
GBP: Neutral - Trade the Range
JPY: Bearish on Range
AUD: Bearish
CAD: Neutral - Trade the Range
CHF: Bearish
NZD: Bearish
Summary
The War of the Currencies continue. As long as the Fed remains undecided, other central banks are prepared to do whatever they can to weaken their currency in the hopes of stimulating their country’s economy. The Fed knows that raising rates won’t do the US any good, but it also knows that not doing it is putting a strain on the global economy in which it is also dependent - so they might as well do it and do it soon.
Meanwhile, there is no shortage of opportunity for Forex traders. The central banks and their currencies may be at war, but the spoils are left to us traders who know where to look.
